NETA Auto expands global footprint with first Brazil, Cambodia stores opened

Published: Jan 26, 2025 20:37

Source: gasgoo

Save

On January 26, Chinese new energy vehicle manufacturer NETA Auto announced that its first stores in Brazil and Cambodia had opened for business, marking significant milestones in its global expansion ...

Shanghai (Gasgoo)- On January 26, Chinese new energy vehicle manufacturer NETA Auto announced that its first stores in Brazil and Cambodia had opened for business, marking significant milestones in its global expansion strategy.

NETA Auto began laying the groundwork for its entry into the Brazilian market in May 2024, when it initiated a countdown for its official vehicle model launch. By July 20, the company had established its first South American subsidiary in São Paulo's Paulista Avenue, signaling its formal debut in the region.

In September last year, NETA Auto secured financial support of 1 billion Brazilian reals (approximately 1.2257 billion RMB) through a strategic partnership with BTG Pactual and the importer Sertrading. The funding supports vehicle imports and charging infrastructure development in Brazil.

Beyond Brazil and Cambodia, NETA Auto's international footprint now spans South America, Africa, the Middle East, and Central Asia. In October 2024, the company launched its NETA X model in Uzbekistan and conducted a Beyond Brazil and Cambodia, NETA Auto’s international footprint now spans South America, Africa, the Middle East, and Central Asia. In October 2024, the company launched its popular NETA X model in Uzbekistan and conducted a vehicle handover ceremony.

On January 15, 2025, NETA Auto officially opened its new dealership in Bekasi, West Java, Indonesia, marking the company's first overseas dealership launch for the year.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

19 hours ago

Hyundai Recalls Over 421,000 Vehicles in the US Due to Safety Concerns

The National Highway Traffic Safety Administration said Hyundai Motor America recalled 421,078 units of US vehicles.

19 hours ago

22 hours ago

UK Extends Fuel Duty Cut Policy to Ease Inflationary Pressure

[UK Extended Fuel Duty Cut to Ease Inflation Pressure Driven by Middle East Tensions] On May 20, the UK government announced that it would extend the fuel duty cut for motor vehicles until the end of this year to ease the pressure of rising living costs caused by the escalation of the Middle East conflict.

22 hours ago

Tencent, CATL and Others Join Alliance to Boost Carbon Credit Demand

[CATL and Tencent Join Forces to Boost Carbon Credit Demand] Two of China's largest companies by market capitalization — Tencent and CATL — are joining hands in a new initiative aimed at boosting corporate demand in the cooling carbon credit market. The tech giant and power battery industry leader will join Mitsubishi Corporation, Vale, Osaka Gas, and other enterprises in the Climate Resilience Action Alliance, a non-profit organization established in Singapore on May 19. The alliance aims to promote the practical application of high-quality carbon credits, with a target of alliance members collectively purchasing at least 10,000kt of high-quality carbon credits by 2030.

22 hours ago